WS #12244

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SMCI -8.2%, ORCL -6.3%, INTC -5.8% lead AI chip selloff; SOXX -4.46%, Nasdaq -1.47%; FT reports investors pulling away from market leaders. China's Moonshot AI open-source Kimi model stuns AI world with frontier-level results, surpassing recent releases from Anthropic and OpenAI.

AI Chip Selloff Deepens

SMCI -8.2%, ORCL -6.3%, INTC -5.8% lead AI chip selloff; SOXX -4.46%, Nasdaq -1.47%; FT reports investors pulling away from market leaders.

China's Moonshot AI open-source Kimi model stuns AI world with frontier-level results, surpassing recent releases from Anthropic and OpenAI.

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